The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1.2255. If the pair manages to rebound above that area, we can expect a rally to test the Fibonacci area of -23.6% at 1.2513. To the downside, the 1....

There's a bearish "Three Methods" pattern, so we've got a new local low. At the same time, the last "Hammer" points to an opportunity to have a local upward correction. Nevertheless, if a pullback from the Moving Averages happens, bears will probably try to deliver a new local low. We've got a bul....

First, a few words about the forecast for the previous week, which proved fully correct for cryptocurrencies: EUR/USD. When giving forecast for this pair, a large number of analysts claimed that the pair would continue to stay in the 1.2150-1.2550 side channel which it has been moving in since mid-....

There's a "Morning Star" pattern, which has been confirmed. Therefore, the 21 Moving Average is likely going to at as resistance, which could be a starting point for another decline. The price has been declining since the last "Tweezers" pattern was formed. If the Moving Averages act as resistance....

The main trend is still bullish. The 89 Moving Average has acted as support, so there's a "V-Bottom" pattern. It's likely that the market is going to test the next resistance at 1.2346 - 1.2359 in the short term. If a pullback from these levels happens afterwards, there'll be a moment for a bearish....

Recommendation: SELL 1.2250 SL 1.2305 TP1 1.2150 TP2 1.2080 TP3 1.1960 On the daily chart, EUR/USD keeps forming a «Widening wedge”. The inability of bulls to hold to 1.2307-1.2320 will point at their weakness and open the way down towards 127.2% target of AB=CD. On H1, EUR/USD bears are ready to ...

16.03.2018The main currency pair is consolidating on Friday, but the USD may continue strengthening.By Friday morning, EURUSD had stopped falling, but the American currency, based on the statistics, is still looking strong. The current quote for the instrument is 1.2310.The report on the Unemploymen...

16.03.2018EURUSD, “Euro vs US Dollar”After reaching the target of the descending impulse, EURUSD has formed another consolidation range and broken it downwards. Possibly, the price may continue falling. The target is at 1.2245. GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading to break 1.3...

16.03.2018EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD may break the support at the 1/8 level and then continue falling towards the 0/8 one.In the H1 chart, the pair is consolidating. The price may break the 3/8 level and continue falling to reach the support at the 0/8 one.As we can see in t...

Previous: On Thursday the 16th of March, trading on the euro closed down. The US dollar yesterday made gains against all the majors. Demand for it increased after the publication of US economic data. The US posted a rise in import prices, a decline in initial jobless claims, and a significantly high...

EUR/USD4 hour The EUR/USD broke below the support trend line (dotted blue) which makes a larger bearish correction more likely. The correction is probably part of a larger wave 2 (purple) correction, as long as price stays above the 100% Fibonacci level. A bullish break above resistance (red) could...

There're bearish patterns such an "Evening Star" and a "Shooting Star". Therefore, the market is going to test the 144 Moving Average, which could be a departure point for an upward price movement. The last "Tweezers" led to the current decline. There's no any reversal pattern so far, which means ....

The main trend is still bullish, but there's a "V-Top" pattern, so the price is testing the nearest support at 1.2359 - 1.2346. Meanwhile, if a pullback from the 34 Moving Average happens little later on, there'll be a moment for another upward price movement. The Moving Averages have acted as sup....

GBP/USD 4 hourThe GBP/USD made a break and pullback above the long-term resistance trend line (dotted red) and is now testing a lower time frame resistance level. The next break could be a bullish continuation within wave 5 (blue). Price will need to stay above the support trend lines (green) otherw...

Previous: On Wednesday the 14th of March, trading on the EURUSD pair closed down. The drop started during the European session from the 112th degree and the trend line. The rate dropped from 1.2413 to reach 1.2361. The euro’s drop was facilitated by Mario Draghi’s speech. He said that a strong euro ...

15.03.2018The main currency pair is trying to rise, but the USD seems to be quite strong.On Thursday morning, EURUSD is trying to regain the positions it lost yesterday, but these attempts haven’t been successful so far. The current quote for the instrument is 1.2380.Investors are still trying to pr...

15.03.2018EURUSD, “Euro vs US Dollar”EURUSD is forming another descending impulse with the target at 1.2333. Later, the market may grow towards 1.2373, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the market may continue growing to extend the corre...

14.03.2018EURUSD, “Euro vs US Dollar”EURUSD has finished the ascending correctional structure. Possibly, today the price may consolidate at the top of this structure. After that, the instrument may break the range to the downside and continue falling inside the downtrend towards the first target at ...

14.03.2018EURUSD, “Euro vs. US Dollar”After being corrected from the resistance level in the H4 chart, EURUSD has formed several Hammer and Doji reversal patterns and then returned to the level. At the moment, it may be assumed that the pair may be corrected once again before breaking the level and ...

14.03.2018The main currency pair continues growing; investors are analyzing the news about President Trump’s dismissing Rex Tillerson from his position as the Secretary of State.EURUSD is slowly growing on Wednesday. The current quote for the instrument is 1.2412.Donald Trump keeps shocking the curr...

Previous: On Tuesday the 13th of March, trading on the EURUSD pair closed up. The single currency made gains of 0.47% against the greenback to reach 1.2389. Volatility was high during the US session. This surge in volatility was down to both US inflation data and news that Donald Trump fired Rex Til...

There's a bullish "High Wave", which has been confirmed by the last "Three Methods" pattern. So, the pair is likely going to test the nearest resistance area, which could be a starting point for a bearish correction towards the Moving Averages. We've got a bearish "High Wave". However, this patter....

The main trend is still bullish. Also, there's a "Double Bottom" pattern, which has been confirmed. Therefore, the market is likely going to test the next resistance at 1.2445 - 1.2474 in the short term. If a pullback from this area happens little later on, there'll be a moment to have a decline to....

The market is consolidating along the Moving Averages. Also, there's a "Shooting Star" pattern, so the pair is likely going to test the nearest support, which could be a departure point for a bullish price moment in the direction of the next resistance area. There's a bearish "Doji" pattern, which....

The main trend is still bullish, but there's a developing "Pennant", so the market is likely going to test the nearest support at 1.2275 - 1.2234. If a pullback from this area happens little later on, there'll be a moment for another upward price movement. The pair is moving up and down in a range....

13.03.2018EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, the correction to the downside continues. After finishing a short ascending impulse, EURUSD is starting a new descending one, the closest target of which is the retracement of 50.0% at 1.2137. After breaking the local low, the instr...

13.03.2018The main currency pair is moving without any significant fluctuations on Tuesday and waiting for the US inflation report.On Tuesday morning, EURUSD is rather inactive; investors are saving strengths in anticipation of the US statistics to be published in the evening. The current quote for ...